Marcel R. Coutu

Marcel R. Coutu "joined Canadian Oil Sands Limited as President and Chief Executive Officer in September 2001. Marcel also is Chairman of the Board of Syncrude Canada Ltd. and chairs the Syncrude Joint Venture CEO and Management Committees. a director of Brookfield Asset Management, Great-West Lifeco., United Way of Calgary, and the Pension and Compensation Committee of the Calgary Stampede Board. He is also a Governor of the Canadian Association of Petroleum Producers.

"Marcel has more than 25 years of experience in the resource and energy sector, primarily focused in corporate finance. Prior to joining Canadian Oil Sands, Mr. Coutu was Chief Financial Officer of Gulf Canada and preceding that, he was Senior Vice President International and Vice President Finance at TransCanada Pipelines. He also has worked in the upstream oil sector for Hudson's Bay Oil & Gas and Dome Petroleum, and has five years of experience in the investment banking business, mostly with Burns Fry Limited. Marcel has completed the Institute of Corporate Directors, Corporate Governance program and is accredited as a certified director under that program with the ICD.D. designation. Marcel holds an H.B.Sc. in geology from the University of Waterloo (1976), an MBA from the University of Western Ontario (1980), and is a member of the Association of Professional Engineers, Geologists and Geophysicists(APEGGA)."